SembCorp Industries eased 0.18 percent, Singapore Technologies Engineering shed 0.64 percent, SingTel fell 0.63 percent, Thai Beverage spiked 2.88 percent, Wilmar International jumped 2.10 percent, Yangzijiang Financial surged 7.41 percent, Yangzijiang Shipbuilding rallied 2.41 percent and Keppel DC REIT and UOL Group were unchanged.
The lead from Wall Street is weak as the major averages opened lower on Monday and only moved lower as the day progressed, ending near session lows.
The Dow tumbled 398.51 points or 0.94 percent to finish at 41,954.24, while the NASDAQ plunged 213.95 points or 1.18 percent to close at 17,923.90 and the S&P 500 sank 55.13 points or 0.96 percent to end at 5,695.94.
The weakness on Wall Street came as traders reassessed their expectations for the outlook on interest rates. After Friday's upbeat jobs data, traders now expect only a quarter-point cut in interest rates at the Federal Reserve's next policy announcement on Nov 7.
The mood is cautious as investors await readings on consumer price and producer price inflation later in the week, as well as earnings announcements from several top banks.
On the geopolitical front, Israeli defense forces intensified air strikes targeting Gaza and the Lebanese capital of Beirut simultaneously on the first anniversary of Hamas' cross-border attack in Israel, which triggered the Middle East war.
Oil prices rose sharply on Monday amid the rising possibility of disruptions in supply in the Persian Gulf due to escalating tensions in the Middle East. West Texas Intermediate Crude oil futures for November jumped $2.76 or 3.71 percent at $77.14 a barrel, the highest close in nearly eight weeks.
RTTNews
